Mining, manufacturing and utilities activities contributed 32.8% to the gross value added (GVA) in 2023, followed by wholesale, retail and hotels activities (11.1%), agricultural activities (7.7%). In nominal terms, the three sectors are expected to grow by 7.9%, 6.7% and 6.2%, respectively, in 2024.
Eastern China accounts for most of the provincial GDP in 2023. Beijing, Shanghai, Jiangsu and Guangzhou are the major cities of Eastern China. Better sea connectivity has boosted manufacturing in these cities.
The SHCOMP index has been on a volatile trend. As of March 26, 2024, the index stood at 3,031.5, compared to 3,265.7 on March 26, 2023.
Eastern China accounts for most of the provincial GDP in 2023. Beijing, Shanghai, Jiangsu and Guangzhou are the major cities of Eastern China. Better sea connectivity has boosted manufacturing in these cities.
The SHCOMP index has been on a volatile trend. As of March 26, 2024, the index stood at 3,031.5, compared to 3,265.7 on March 26, 2023.
Scope
- In November 2023, the Chinese government announced a plan to invest CNY1 trillion ($140.8 billion) to support the country’s project on disaster relief and construction.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- Exhibit 1: China’s performance in country risk analysis in comparison to Asia-Pacific and World average
- Exhibit 2: Performance overview (score: 0-100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: SHCOMP index, (March 2023 - March 2024)
- Exhibit 5: Key sectors contribution to the economy (2019-26f)
- Exhibit 6: FDI inflows to China, FDI outflows from China, and FDI inward stock, FDI outward stock (2018-22)
- Exhibit 7: Value and number of greenfield FDI projects and number of net cross border M&As purchases (2018-22)
- Exhibit 8: Key infrastructure indicators
- Exhibit 9: Real GDP and household consumption growth rate (2019-26f)
- Exhibit 10: Real GDP growth rate comparison (2023)
- Exhibit 11: Volume of exports and imports growth (2019-26f)
- Exhibit 12: Current account balance (2019-26f)
- Exhibit 13: Top three commodity exports, % of total exports (2018-22)
- Exhibit 14: Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television, % of world total (2022)
- Exhibit 15: Interest rates (April 2019 - April 2024)
- Exhibit 16: Exchange rate and inflation (2019-26f)
- Exhibit 17: Public finance (2019-26f)
- Exhibit 18: General government debt (2019-26f)
- Exhibit 19: Unemployment rate (2019-26f)
- Exhibit 20: Average annual wages (2019-26f)
- Exhibit 21: Labor cost index (2019-26f)
- Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
- Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
- Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
- Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2023)
- Exhibit 26: Number of patents granted per million population (2022)
- Exhibit 27: High technology exports, % of manufactured exports (2022)
- Exhibit 28: Rule of law index (rankings) 2023
- Exhibit 29: Corruption perceptions index (rankings) (2023)
- Exhibit 30: Renewable energy, installed capacity (2019-23)
- Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Huawei
- PetroChina
- Baosteel
- Vanke
